The Trade Desk, Inc. (NASDAQ:TTD) Director Gokul Rajaram Sells 1,355 Shares

The Trade Desk, Inc. (NASDAQ:TTD) Director Gokul Rajaram sold 1,355 shares on September 24th for $1,695. Following the sale, he retains 29,991 shares valued at approximately $4,269,019. This transaction was disclosed to the SEC. The company's stock opened at $66.36, with a market cap of $33.76 billion and a P/E ratio of 273.41. Recent earnings showed a 25.9% revenue increase year-over-year, with analysts predicting an EPS of $0.86 for the current year.

The Trade Desk, Inc. (NASDAQ:TTD - Get Free Report) Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $109.00, for a total value of $147,695.00. Following the sale, the director now owns 29,991 shares of the company's stock, valued at $3,269,019. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Roku: Unlock the Future of Connected TV With This Top Pick

Gokul Rajaram also recently made the following trade(s):

On Monday, July 22nd, Gokul Rajaram sold 1,355 shares of Trade Desk stock. The shares were sold at an average price of $98.37, for a total transaction of $133,291.35.

Trade Desk Price Performance

TTD opened at $109.36 on Friday. The stock has a market capitalization of $53.76 billion, a P/E ratio of 273.41, a price-to-earnings-growth ratio of 5.33 and a beta of 1.48. The company's 50 day simple moving average is $99.70 and its 200-day simple moving average is $93.70. The Trade Desk, Inc. has a one year low of $60.23 and a one year high of $112.22.

Missed Out On Nvidia?

From Unstoppable Prosperity | Ad

Artificial Intelligence is a tool with the potential to create massive distributions of wealth… In fact, it's predicted that AI will contribute over $15.7 trillion to the global economy by 2030! And investors who position themselves now for another upcoming shift could capitalize on a handful of generational opportunities.

Click here to register for my FREE live event right now.

4 Strategic Moves Pushing Netflix Toward a Trillion-Dollar Value

Trade Desk (NASDAQ:TTD - Get Free Report) last released its earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.03. The company had revenue of $584.55 million during the quarter, compared to the consensus estimate of $578.03 million. Trade Desk had a return on equity of 11.40% and a net margin of 11.65%. The firm's quarterly revenue was up 25.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.07 earnings per share. As a group, analysts anticipate that The Trade Desk, Inc. will post 0.86 EPS for the current year.

Institutional Investors Weigh In On Trade Desk

Institutional investors have recently modified their holdings of the business. Pinnacle Bancorp Inc. increased its holdings in Trade Desk by 119.9% in the first quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company's stock valued at $26,000 after purchasing an additional 163 shares during the last quarter. Riverview Trust Co bought a new stake in shares of Trade Desk in the 1st quarter valued at about $27,000. Bogart Wealth LLC raised its position in shares of Trade Desk by 194.7% in the 1st quarter. Bogart Wealth LLC now owns 336 shares of the technology company's stock valued at $29,000 after acquiring an additional 222 shares during the period. Transcendent Capital Group LLC bought a new position in Trade Desk during the 2nd quarter worth approximately $30,000. Finally, Jones Financial Companies Lllp grew its holdings in Trade Desk by 889.4% during the fourth quarter. Jones Financial Companies Lllp now owns 465 shares of the technology company's stock valued at $33,000 after purchasing an additional 418 shares during the period. Institutional investors and hedge funds own 67.77% of the company's stock.

Analysts Set New Price Targets

The Trade Desk : Premium Digital Ad Demand Fuels Record Growth

Several research firms recently issued reports on TTD. Oppenheimer lifted their price objective on shares of Trade Desk from $105.00 to $120.00 and gave the company an "outperform" rating in a research note on Monday, July 15th. Morgan Stanley upped their price target on Trade Desk from $100.00 to $110.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 23rd. Piper Sandler reissued an "overweight" rating and set a $110.00 price objective on shares of Trade Desk in a report on Tuesday, June 11th. Stifel Nicolaus restated a "buy" rating and issued a $111.00 price objective (up from $105.00) on shares of Trade Desk in a research note on Friday, August 9th. Finally, Moffett Nathanson started coverage on shares of Trade Desk in a report on Monday. They set a "neutral" rating and a $100.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Trade Desk has a consensus rating of "Moderate Buy" and a consensus target price of $108.71.

Read Our Latest Stock Analysis on TTD

About Trade Desk

(Get Free Report)

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.